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Journalize Ocean Evaluation Ltd.'s investment transactions. Explanations are not required. 2019 Dec. 6 Purchased 1,900 shares of Golden Reports Inc. at a price of $43.00 per share, intending to sell the investment within three months. Brokerage fees were $575. Received a cash dividend of $1.80 per share on the Golden Reports Inc. shares. Adjusted the investment to its fair value of $48.00 per share. 23 31 2020 Jan 27 Sold the Golden Reports Inc. shares for $49.00 per share, less brokerage fees of $590 At what amount should the accompanying investment portfolio be reported on the December 31 year-end balance sheet? All the investments are less than 5 percent of the investee's shares. Prepare one adjusting journal entry for the portfolio rather than making separate journal entries. EP (Click the icon to view the investment portfolio.) First determine the amount at which the investments should be reported on the balance sheet. The investments are reported at the 7 of is reported in the section of the income statement. Po Investment Portfolio - X Shares Four Seasons Hotels Tent Manufacturing Corp. Downtown Grocers Inc. Carrying Value $90,000 142,000 73,000 Fair Value (Market value) $100,000 126,000 74,000 ect pu Print Done Qu Enter your answer in the edit fields and then click Check

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